Nevada live entertainment tax proposal draws opposition in Reno

Changes sought by Reno Rodeo supporters

11:32 PM,
May 14, 2013

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The Reno Rodeo Association and Reno Rodeo Foundation jumped into the tax fray at the Nevada Legislature on Tuesday, asking lawmakers for a live entertainment tax-bill amendment that rodeo backers say is important for the foundation's charity work.

The amendment to AB498 would exempt non-profits that are designed as a "501(c) (4)" that donate proceeds to a 501(c)(3). Under the proposal, only non-profits recognized by the IRS would be exempt.

AB498 would close a lot of loopholes and exemptions to the live entertainment tax that was first passed in 2003, said its primary sponsor Assembly ...